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For Platini, Read Pratini?

For Platini, Read Pratini?

Scanning this morning's Arsenal-related news, what do see, but a new piece of insightful wisdom from everyone's favourite gallic goon (no, not Raymond Domenech, and no, not gooner...), Michel Platini.

Platini, it would seem, is hellbent on kneecapping the Premier League. He doesn't like the fact we take kids from other countries. He doens't like that more english kids don't get an opportunity. He doesn't like our dominance over Europe's other leagues, both on the pitch and on the bank statement. And now he doesn't like the fact that some of our clubs have debt.

So much so that he has said UEFA are planning to 'regulate' this. He said

"Uefa is going to fight to regulate access to its competitions for clubs who are in debt.

I am not just talking about United and Chelsea, who got to last season`s Champions League final with a big debt, I am speaking in general.

If a club has money and wants to invest in a player it has every right to do so.

I am more worried about a club that is in debt and spending £10 million on a player. We are going to regulate this.

Now, i saw this article on Setanta's website, and they've been a bit mischievous, as they've tied Arsenal in with all this, which i think is ludicrous.

Their thinking behind this is that the mancs, the chavs and the mickey mousers have huge debts because of player acquisitions and wages; and takeovers, which have been refinanced back onto the clubs themselves, courtesy of the new owners. And Arsenal belong in the list because they are 'currently repaying loans for the funding of Emirates Stadium'.

There's a slight difference in the two situations here. Arsenal's debt is due to increasing capacity for fans and revenue streams, not because of reckless / over-the-top expenditure on player purchases. In contrast, we are relatively conservative in our outlay on transfers, spending less than the barcodes and the spuds in recent seasons (the past five, i would wager).

So surely any talk of taking action against these debt-ridden clubs should not concern Arsenal. If it does, and if Setanta's proclamation about said clubs being banned is correct, i fully expect to see Real Madrid banned from the Champions League also. Were it not for Madrid being the beneficiary of some dubious land-acquisition by Madrid's city council, who bought Real's training ground back off the club a couple of years ago for TWICE the going rate, thus wiping out Real's huge debt in the process, the Spanish club would be fully submersed in a financial quagmire. And if they do go ahead and complete their proposed £80m-or-so purchase of Ronaldo, they surely will be again.

Whatever the true story here, it certainly appears that Platini has a serious issue with the Premier League, as he seems to continually look for new ways to peg the Prem back and stop it's emerging powerhold over the rest of Europe. As has been mentioned before, this was never a problem when Italian clubs were dominant in European competition. And surely it is a far worse crime to actually cheat by bribing referees and the like (mentioning no milanese or old ladies).

Click here to join in the debate on the club forum.

Date:Friday June 27 2008
Time: 10:43AM


Its a shame that Platini is such a tw*t because as a player he was fantastic to watch.
27/06/2008 11:01:00
Platini the player - Awesome Platini the man - *********
27/06/2008 11:07:00
Actually our debts are 105M as the main takeover debts are on teh owneers company. I do believe you have very high debts of your own due to the stadium? To be fair though the arsenal model is the one to follow!
5 times
27/06/2008 11:19:00
5 times, I fully acknowledge that we have debts - my point was that unlike the mancs and the chavs it is not due to spending wildly on players. Ours is manageable though, and offset by the increased matchday revenue and sale of flats, though not sure by how much. There are others more astute in the financial workings of Arsenal Football Club than I who could tell you that! You guys have begun work on your stadium now havn't you - how's the financing on that been decided?
»»Arsene Knows««
27/06/2008 11:27:00
I mentioned on here a few weeks ago that Platini and Blatter seem to pick on English clubs, and let Spanish and Italian ones get away with murder. If this rule comes in (which I doubt) it needs to be strictly regulated throughout Europe. A few things will come to light then I'm sure. Are Chelsea in debt? I know they work at a loss, but I don't think they owe anything to banks, just moneybags himself.
27/06/2008 11:44:00
Surely Real Madrid who are constantly financed by the bank should be throw out by Platini's logic
27/06/2008 11:49:00
Sometimes I think that Platini just seems to love the sound of his own voice. So he thinks having debts is cheating the same as what Juve and AC milan and other intalian clubs as well as more recently, Porto?
27/06/2008 11:59:00
Platini = massive berk.
27/06/2008 12:03:00
We generated 166.7m from in 2006-07, 90.6m from matchday revenue, i.e. a 111% increase from Highbury. We're talking about 3.1m from each home match. That's the 2nd highest, after ManU (at 92.5m) in Europe, according to Deloitte's Football Money League report. How is this not the proper way of business, and how is this the same as borrowing huge money (be it from banks or from their owners) for player purchases, I really don't know!!! And Liverpool are doing both. Spurs are trying to do both. But still, like you guys said, they're still better than match-fixing and stuff. If Platini cares about "competitive fairness" so much, why doesn't he do something about technology and refereeing standards as well?!
Lou the Gunneress
27/06/2008 12:09:00
Navydave Yes Chelsea are in debt. to the tune of £736m!! Infact according to the Guardian between them United and Chelsea owe creditors 1.5billion between them!! If Platini and the morons at UEFA were to implement this then they would in effect be getting rid of pretty much half of the biggest clubs in Europe from European club football's biggest clubs including Man United, Chelsea, Liverpool, Arsenal, Barcelona, Real Madrid, Celtic, Juventus and Milan(I think) to name a few off the top of my head. So if you take the top 4 out of England who are you left with who arn't in debt? Spurs.....
27/06/2008 12:09:00
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